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WASHINGTON — The Biden administration announced a milestone Thursday in its effort to cancel Americans' student debt: It has provided relief to more than 1 million borrowers who work in public service. Through the Education Department's Public Service Loan Forgiveness program, the administration approved about $4.5 million in additional student loan relief for more than 60,000 borrowers, bringing the total relief through that program to $74 million for more than 1 million people. That brings the total amount of student debt relief under the administration to $175 billion for more than 4.8 million borrowers over the nearly four years President...

ccording to Edmunds, more Americans are stuck with cars worth less than what they owe. This troubling trend has become increasingly common and their data shows how widespread it has become. When you look at the numbers, in the third quarter of 2024, about one in four people trading in their vehicles were in negative equity or "upside-down" on their car loans. The average negative equity hit an all-time high of $6,458 – and some owe even more. Edmunds reports that these figures are a growing issue affecting many car owners

The Biden administration announced Thursday it is racing to cancel student loans for more than 60,000 public service workers. The move comes just 18 days before the 2024 election and brings the number of public service workers who have now benefitted from such taxpayer-funded largesse to over one million. The gift delivers $4.5 billion in debt relief to teachers, firefighters, and other service workers who have been dutifully meeting loan repayment obligations for over a decade, the Hill reports.

WASHINGTON (AP) — A federal judge in Missouri put a temporary hold on President Joe Biden’s latest student loan cancellation plan on Thursday, slamming the door on hope it would move forward after another judge allowed a pause to expire. Just as it briefly appeared the Biden administration would have a window to push its plan forward, U.S. District Judge Matthew Schelp in Missouri granted an injunction blocking any widespread cancellation. Six Republican-led states requested the injunction hours earlier, after a federal judge in Georgia decided not to extend a separate order blocking the plan. The states, led by Missouri’s...

A federal judge in Georgia on Thursday temporarily blocked the Biden administration's proposal to forgive federal student loans for nearly 30 million borrowers after a group of seven state sued. According to the ruling from U.S. District Judge J. Randal Hall, the seven states that sued the Biden administration have established a valid case that's likely to prove the Department of Education lacks the constitutional authority to implement the student loan cancellation proposal.

A federal judge just upheld a $350,000 punitive damages judgment against a General Motors dealership in Michigan in a spot delivery and wrongful repossession case. The U.S. district judge rejected the argument from Suburban Chevrolet Cadillac of Ann Arbor that the award was excessive. Here’s how this all came to be. In July of 2020, a bad time for everyone, Tina McPherson made a $2,000 down payment on a 2017 Dodge Durango and applied for financing from two lenders, according to Automotive News. The following day, she completed the paperwork and took delivery of the SUV. Everything was OK for...

The Supreme Court declined on Wednesday to lift a sweeping block on President Joe Biden’s student loan repayment plan that aims to slash monthly payments and quicken the path to loan forgiveness. The high court turned down a request from the Biden administration to put the plan back in play after lower courts blocked it this summer in a legal challenge to the plan brought by GOP-led states. There were no noted dissents in the brief order

On Wednesday, the United States Supreme Court handed down a decision to not reinstate President Joe Biden’s federal student loan forgiveness plan. In a brief order, the High Court denied an emergency request filed by the Biden administration to lift a nationwide injunction on the plan that was put in place by a federal appeals court this year. BREAKING: The Supreme Court just ruled against Biden on his plan to unilaterally use tax dollars to cancel student loan debt ... Again pic.twitter.com/jzQsjzORZC — Greg Price (@greg_price11) August 28, 2024 According to several outlets, there were no noted dissents. The Saving...

The Supreme Court declined Wednesday to unblock President Joe Biden’s income-driven student loan repayment program. In a brief order, the Supreme Court rejected the Biden administration’s request to reinstate the program after it was paused by a federal appeals court. The Saving on a Valuable Education (SAVE) plan, which lowers monthly loan payments based on income and creates a faster path to loan forgiveness, was challenged by a group of red states. “The Court expects that the Court of Appeals will render its decision with appropriate dispatch,” the Wednesday order states. The Biden administration argued the appeals court’s injunction “severely...

California Democrats passed a bill in the State Senate that would provide up to $150,000 in home loans for illegal aliens who are first-time home buyers in the state. The bill, AB 1840, passed the Assembly in a different form, and will head back there for approval before heading to Gov. Gavin Newsom’s (D) desk. As Breitbart News reported Monday: AB 1840, proposed by Assemblymember Joaquin Arambula (D-Fresno), expands an existing program for first-time home buyers such that applicants”shall not be disqualified solely based on the applicant’s immigration status.” The bill has already passed the California State Senate and is...

The courts keep slapping down Biden Administration lawbreaking, not that the Harris or Trump campaigns seem to notice. An Eighth Circuit Court of Appeals panel on Friday blocked President Biden’s SAVE student loan forgiveness plan and rapped the Administration for canceling debt in defiance of a lower-court order. The Administration rolled out the SAVE plan last summer after the Supreme Court blocked its gambit to cancel $10,000 to $20,000 for each borrower. The new plans cap monthly payments at 5% of discretionary income—defined as exceeding 225% of the poverty level—and cancel remaining balances after 10 to 20 years. Borrowers don’t...

Legal battles over President Biden’s various schemes to forgive student debt continue. In July, the Eighth Circuit Court of Appeals indefinitely blocked the administration’s ultra-generous new student-loan repayment plan, which could have cost taxpayers $475 billion. Additional loan-cancelation initiatives—also certain to face legal challenges—are in the works. But the high drama of loan cancelation has drawn attention away from a more pressing issue in the student-loan system. After the pandemic-induced student-loan payment pause ended last year, the Education Department implemented a one-year transition period to allow borrowers time to ease back into the habit of paying their loans. That so-called...

* The 8th Circuit officially blocked the SAVE student-loan repayment plan in its entirety. * It replaces its temporary stay on the plan from July, which paused cheaper payments and debt relief. * Enrolled borrowers will likely be in limbo for long as the legal process progresses.

The Biden administration is gearing up to try to forgive the student debt of tens of millions of Americans again, after the Supreme Court struck down its first effort last year. In the coming days, the U.S. Department of Education will begin emailing borrowers who may be eligible for the wide-scale loan cancellation, the department said on Wednesday. It hopes to deliver that relief in the fall, possibly weeks before the 2024 presidential election. “Today, the Biden-Harris administration takes another step forward in our drive to deliver student debt relief to borrowers who’ve been failed by a broken system,” U.S....

A federal appeals court on Thursday temporarily blocked a key Biden administration student loan forgiveness and repayment plan. The order could have significant ramifications for millions of borrowers.. Joe Biden’s Saving on a Valuable Education plan is a new income-driven repayment program designed to provide affordable payments and multiple pathways to loan forgiveness. The Education Department unveiled the SAVE plan last year, and began implementing the program in phases. But several groups of Republican-led states filed two separate legal challenges this spring, arguing that the Biden administration exceeded the authority Congress provided. Thursday’s appeals court ruling is just the latest...

The Biden administration on Thursday said it is forgiving $1.2 billion in student debt for 35,000 borrowers who work in public service, ranging from teachers to firefighters. The announcement marks the latest round in government loan relief after the Supreme Court last year blocked President Joe Biden's plan for broad-based college loan forgiveness. With the latest student loan forgiveness, the Biden administration said it has waived $168.5 billion in debt for roughly 4.8 million Americans, according to a statement from the Department of Education. That represents about 1 in 10 student loan borrowers, it added. The people who qualify for...

A federal appeals court will allow a key part of Biden’s student loan relief plan to resume as the legal challenges against it unfold. The 10th Circuit Court granted the Biden administration’s request to stay an order from last week that temporarily blocked a provision of its Saving on a Valuable Education, or SAVE, plan.

Joe Biden's new student-loan repayment plan just got dealt two blows by federal courts. On Monday, judges in Kansas and Missouri district courts handed down their rulings on two separate lawsuits filed by GOP state attorneys general seeking to block the SAVE income-driven repayment plan, introduced last summer to lower borrowers' monthly payments. Earlier this year, the Education Department started implementing a SAVE provision ahead of schedule that canceled student debt for borrowers with original balances of $12,000 or less who made as few as 10 years of qualifying payments. The attorneys general argued that relief was unconstitutional, among other...

Joe Biden has a new election strategy as he continues to flounder in the eyes of the American people. Is he going to reinstate the various border policies he reversed upon taking office, leading to the worst illegal immigration crisis in the nation's history? Of course, not. Instead, he's going to spend your money to "cancel" student loans so he can buy votes. A Democrat "comms" staffer on Capitol Hill posted the debt "forgiveness" letter he was sent, and it's basically campaign propaganda.

CHANCAY, Peru—In this serene town on South America’s Pacific coast, China is building a megaport that could challenge U.S. influence in a resource-rich region that Washington has long considered its backyard.... ...The U.S. worries that China’s control over what could become South America’s first true global commercial hub will allow Beijing to further strengthen its grip over the region’s resources, deepen its influence among America’s closest neighbors and eventually plant its military nearby.... Peru’s Foreign Minister Javier González-Olaechea said...“The United States is present almost everywhere in the world with a lot of initiatives, but not so much in Latin America,”...